Trading The SPI - NON-Gann Techniques

[Euler]

With the market sitting at the upper bracket value of 88 and no indication of a break either way we sit clean. On an hourly and 1/2 hrly chart it looks insipid!

 

[Euler]

With the market sitting at the upper bracket value of 88 and no indication of a break either way we sit clean. On an hourly and 1/2 hrly chart it looks insipid!

.. the giant stirs ... short signal given @ 84

 

[Euler]

.. the giant stirs ... short signal given @ 84

.. make sure u use yr trailing stop .. mine set @ 80 as we speak

 

[Euler]

.. make sure u use yr trailing stop .. mine set @ 80 as we speak

... taken out ... and looks like it may go lower!!

 

[Euler]

... taken out ... and looks like it may go lower!!

hmmmmmm .... 2 lessons ....

1. the value of trailing stops to protect yr positions
2. i should pay closer attention to my signals .... was telling me to stop and reverse at 14:43 @ 75.

btw ... i'm still in scalp mode trading so you need to be quick in reading, interpreting and making the trades. however can be profitable if you catch a few on end, limit any losses (if it looks like turning against you ... get out!!) and you have low brokerage.

PS ... don't follow my trades as they are delayed and you will have little to no time to react. also ... I may not know what I am doing!!

 

[professor_frink]

What's going on Euler?

Posting all by yourself with no one talking to you

Gave the spi a miss this arvo- the STW has been going absolutely nuts-

 

[Euler]

What's going on Euler?
Posting all by yourself with no one talking to you
Gave the spi a miss this arvo- the STW has been going absolutely nuts-

lol ... yep ... it's the first sign they say!! .... its being choppy this arvo .... but picked up 2 scalps ... cheers

 

[Euler]

With a POC 5481 and bracket 5468-83 it was a no-brainer this am. Ride it as far as it will take you ... trailing stop set @ 93 as i write.

 

[professor_frink]

With a POC 5481 and bracket 5468-83 it was a no-brainer this am. Ride it as far as it will take you ... trailing stop set @ 93 as i write.

You're doing better than me!

Got chopped out twice before catching it this morning

I'm gone already- covered near yesterday's high to get myself into the black for the morning. Looks like I might have got out pretty close to the top(that would be a rarity!)

 

[Euler]

You're doing better than me!
Got chopped out twice before catching it this morning
I'm gone already- covered near yesterday's high to get myself into the black for the morning. Looks like I might have got out pretty close to the top(that would be a rarity!)

well done .... always a hard thing to do.
in the past I'd close positions too early only to see them run up further. so for me, using trailing stop locks in good trades and gives me the opportunity to ride it higher if it decides to.

 

[professor_frink]

well done .... always a hard thing to do.
in the past I'd close positions too early only to see them run up further. so for me, using trailing stop locks in good trades and gives me the opportunity to ride it higher if it decides to.

normally I'd trail a stop, but having made a pretty stupid mistake earlier, I was grateful to be able to book a profit for the morning

 

[Euler]

some big numbers going through ... 485, 185, 181 ... @ around 85.
Can't tell who but possibility could be (more) short covering?
... or smart money going short ... need more info!

 

[professor_frink]

some big numbers going through ... 485, 185, 181 ... @ around 85.
Can't tell who but possibility could be (more) short covering?
... or smart money going short ... need more info!

So far, all that's happened is the gap from yesterday's day session high has been closed. Have noticed the volume-last couple of days have seen some pretty big numbers going through in the opening period

 

[Edwood]

afternoon all - hope the trading has been going OK! not been near a PC for the last couple of weeks, went on a wee roadie around the North Island - Coromandel was a highlight, esp Hahei. some stunning scenery

this is what I've been looking at today, looking like 5 down to me, currently in 4. note that if my index value numbers don't tie into your SPI values its because I am looking at UK-based spreadbet figures for ASX200. but I would guess the general pattern is similar to XJO

 

[Euler]

To all SPI'ers and ASF members have a great Christmas and a prosperous 2007.

.... may the SPI be with you.

 

[Euler]

To all SPI'ers and ASF members have a great Christmas and a prosperous 2007.

.... may the SPI be with you.

and in case you were wondering ......

Dec 06
22nd SFE equity products to close at 2.30pm. Equity products night session to trade as normal. Normal trading hours for all other products.
25th Christmas Day (Non Business Day). SFE Closed.
26th Boxing Day (Non Business Day). SFE closed.
29th SFE equity products to close at 2.30pm. Equity products night session to trade as normal. Normal trading hours for all other products.
31st New Years Eve (Non Business Day). SFE Closed.
Jan 07
1st New Years Day. SFE Closed (non business day).
2nd New Year Holiday (NZ). SFE normal trading hours.

Just a summary .... check out your contracts and markets for full details at ....

www.sfe.com.au/index.html?content/sfe/trading/schedule.aspx

 

[spitrader1]

To all SPI'ers and ASF members have a great Christmas and a prosperous 2007.

.... may the SPI be with you.

Euler, that sounds very close to someone elses tag i know??? hmmm, you little saying stealer you..

 

[Euler]

Euler, that sounds very close to someone elses tag i know??? hmmm, you little saying stealer you..

lol ... didn't mean to ... sorry spi ... if i have plagerised ... very sorry ... although have used it previously ... will refraim ... lol

 

[spitrader1]

lol ... didn't mean to ... sorry spi ... if i have plagerised ... very sorry ... although have used it previously ... will refraim ... lol

if it was anyone else id be worried, but considering the integrity and worthiness of your posts please continue sir!!

 

[professor_frink]

To all SPI'ers and ASF members have a great Christmas and a prosperous 2007.

.... may the SPI be with you.

Merry freaking Christmas Gentlemen!

Hope you all have a safe,relaxing and drunken time(I know I will )

Will be back to talk more nonsense after the new year.

What's that you say Mr Daniels? You want me to drink you? Ok then. I'll go get some ice and a glass :drink: